---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-009440"
form_type: "8-K"
ticker: null
cik: "0001838821"
company_name: "ARYA Sciences Acquisition Corp IV"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T18:53:35.261928+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ARYA Sciences SPAC extends deadline to June 2023; $115M in redemptions from trust

## Summary
- Shareholders approved extension of business combination deadline from March 2, 2023 to June 2, 2023, with up to nine monthly extensions to March 2024.
- Sponsor issued convertible promissory note of up to $1.68M to fund trust deposits; $420K drawn initially.
- 11,259,169 shares redeemed at ~$10.22 per share, totaling ~$115.1M withdrawn from trust.
- The Adjournment Proposal was not voted on due to sufficient votes for extension.

## SEC filing metadata
- accession: 0001140361-23-009440
- form_type: 8-K
- cik: 0001838821
- company_name: ARYA Sciences Acquisition Corp IV
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 5.07, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/0001140361-23-009440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/brhc10049030_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-009440
- JSON: https://secwatch.observer/filing/0001140361-23-009440.json
- Plain text: https://secwatch.observer/filing/0001140361-23-009440.txt

## Key facts
- Debt Financings
  ARYA Sciences Acquisition Corp IV incurred convertible notes of up to $1,680,000 with ARYA Sciences Holdings IV (the "Sponsor") at does not bear interest maturing upon closing of ARYA’s initial Business Combination.
  - Instrument: convertible notes
  - Principal: up to $1,680,000
  - Counterparty: ARYA Sciences Holdings IV (the "Sponsor")
  - Rate: does not bear interest
  - Maturity: upon closing of ARYA’s initial Business Combination
  - Event: incurrence
  source text: On February 28, 2023, ARYA issued an unsecured convertible promissory note in the principal amount of up to $1,680,000 (the “ Note ”) to the Sponsor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/0001140361-23-009440-index.htm
- Governance Changes
  ARYA Sciences Acquisition Corp IV: Amended the memorandum and articles of association to extend the deadline for a business combination from March 2, 2023 to June 2, 2023, with provisions for further monthly extensions up to March 2, 2024 (effective 2023-02-28).
  - Change: charter amendment
  - Effective: 2023-02-28
  source text: On February 28, 2023, ARYA held the Extension Meeting to approve an amendment to ARYA’s amended and restated memorandum and articles of association (the “ Articles Amendment ”) to extend the date (the “ Termination Date ”) by which ARYA has to consummate a Business Combination (the “ Articles Extension ”) from March 2, 2023 (the “ Original Termination Date ”) to June 2, 2023 (the “ Articles Extension Date ”) and to allow ARYA, without another shareholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis up to nine times by an additional one month each time after the Articles Extension Date, by resolution of ARYA’s board of directors, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until March 2, 2024, or a total of up to thirty-six months after the Original Termination Date, unless the closing of a Business Combination shall have occurred prior thereto (the “ Extension Amendmen
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/0001140361-23-009440-index.htm
- Shareholder Votes
  ARYA Sciences Acquisition Corp IV shareholders approved Extension Amendment Proposal at the 2023-02-28 meeting.
  - Outcome: passed
  - Meeting: 2023-02-28
  source text: On February 28, 2023, the shareholders of ARYA approved the Extension Amendment Proposal at the Extension Meeting
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838821/000114036123009440/0001140361-23-009440-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.